(NASDAQ:CHKP). Its earnings were strong with revenues beating estimates by about $1.5 million, up 7% YoY. The stock attained the volume of 2,924,600 shares.
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Non-GAAP Earnings per Diluted Share: $1.09 contrast to $0.99 in the second quarter of 2015.
Deferred revenue in second quarter grew 14 percent to $892 million.
For Q2, Check Point reported $422.75 million in sales and $1.09 earnings per share ex items, topping the consensus for a respective $421.6 million and $1.07.
Cash Flow: Cash flow from operations of $202 million compared to $193 million in the second quarter of 2015.
During the second quarter Check Point repurchased 2.93 million shares at a total cost of $246 million and it extended the buy-back program with an additional $250 million of shares up to a total of $1.5 billion. Citigroup’s target indicates a potential upside of 13.13% from the company’s last stock close price. The company now has an average rating of “Hold” and a consensus price target of $91.09.
Check Point Software Technologies Ltd develops, markets and supports a range of services and products for information technology (IT) security. During the past three months the stock loses 0.83 percent, bringing six-month performance to 10.85 percent. Year-to-date (YTD) performance of the stock illustrate downbeat trend of -1.04%.
Check Point Software Technologies Ltd. has 173,401,000 shares now held by shareholders which now trade around the 80.53 mark which totals Check Point Software Technologies Ltd.’s market capitalisation to 13.96B United States dollars. Pacific Crest reaffirmed a “buy” rating on shares of Check Point Software Technologies in a research note on Sunday, May 22nd.
TEL AVIV Network security provider Check Point Software Technologies Ltd lowered its 2016 earnings outlook as customers shift to annual subscriptions as part of a drive to sell more bundles rather than single products, deferring some revenue into next year.
In the liquidity ratio analysis; quick ratio for most recent quarter was 1.70 while current ratio for time period was 1.70.
TipRanks shows that out of the 11 analysts who rated Check Point in the last 3 months, 45% gave a Buy rating, 45% gave a Hold rating and 10% gave a Sell rating.
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The 20-day Simple Moving average for Check Point Software Technologies Ltd. NASDAQ is measured to be -6.73% in conjunction with the 200-Day Simple Moving Average of -6.78%. The company now has a Return on Equity of 19.60% and Return on Investment of 18.50%. Its weekly and monthly volatility is 2.35%, 1.90% respectively.
